Balance Sheet Components

9 Months Ended

Sep. 30, 2025

Statement Of Financial Position [Abstract]

Balance Sheet Components

Note 6. Balance Sheet Components

The Company’s inventories are stated at the lower of cost or net realizable value. Inventories consist of (in thousands):

	September 30, 2025		December 31, 2024
Raw materials	$	3,231	$	3,893
Work-in-progress		54		—
Finished goods		2,624		3,582
Total	$	5,909	$	7,475

Property and equipment, net consists of (in thousands):

	September 30, 2025			December 31, 2024
Building and leasehold improvements	$	1,777		$	1,315
Furniture, fixtures and office equipment		268			221
Plant and machinery		10,612			17,967
Purchased software		792			724
Total		13,449			20,227
Accumulated depreciation		(6,080	)		(12,533	)
Property and equipment, net	$	7,369		$	7,694

The Company recorded depreciation expense of $532,000 and $426,000 during the three months ended September 30, 2025 and 2024, respectively, and $1,512,000 and $1,284,000 during the nine months ended September 30, 2025 and 2024, respectively. Depreciation expense included in discontinued operations was $66,000 and $252,000 for the three and nine months ended September 30, 2024, respectively.

Other accrued expenses and liabilities consist of (in thousands):

	September 30, 2025		December 31, 2024
Accrued professional fees	$	390	$	526
Accrued warranties		295		214
Amounts payable under the Transition Services Agreement		118		354
Amounts payable related to purchase price adjustment		—		474
Other accrued expenses		600		759
Total	$	1,403	$	2,327